This English translation of “Net Assets Variation Statement” of the Institute of Actuaries ofJapan is an unofficial translation. Only its original Japanese texts have effect, and thetranslation is to be used solely as reference material to aid in the understanding of theoriginal one.
この「正味財産増減計算書」の翻訳は公定訳ではありません。効力を有するのは日本語の資料であり、翻訳はあくまでその理解を助けるための参考資料です。

Net Assets Variation Statement
From April 1, 2017 to March 31, 2018
(Unit: Yen)
Items

I. Changes in general net assets
1. Changes in ordinary revenue/expenses(1) Ordinary revenue
Specified asset investment profit
Interest received on international conference expense fundInterest received on research and investigation operation fundInterest received on examination and education operation fundInterest received on reserve for retirement benefits fundMembership dues received
Individual membership dues received
Corporate membership dues received
Operating revenue
Examination fee received
Course fee received
Printing expense contribution received
Subsidy etc. received
Subsidy received
Miscellaneous revenue
Interest received
Certificate of Qualification Fee received
Miscellaneous revenue

Current Year

Previous Year

Changes

1,077
1,170
400
81

1,302
31,46812,13090-225-30,298-11,730-991,565,500
40,745,000

89,117,500
40,900,000

2,448,000-155,000

58,133,000
21,036,800
9,023,200

54,970,000
19,293,600
7,793,400

3,163,000
1,743,200
1,229,800

02,155,818-2,155,818

1,270
339,000
1,000

5,871
361,000
2,000-4,601-22,000-1,000Total ordinary revenue

220,847,498

214,644,179

6,203,319(2) Ordinary expenses
Operating expenses
Executive remuneration
Wages and allowances
Provision for reserve for bonuses
Retirement benefit expenses
Statutory welfare expenses
Conference expenses
Travel and transportation expenses
Communication and freight expenses
Rent
Depreciation expenses
Supplies expenses
Newspaper and book expenses
Repair expenses
Printing and binding expenses
Rental expenses
Gratuity expenses
Membership fees
Taxes and other public charges
Service charges paid
Miscellaneous expenses

0
16,116,460
1,257,628
679,185
2,752,263
0
21,169,184
1,817,778
20,171,266
981,225
200,641
242,757
4,347,027
11,838,798
43,032,890
23,572,307
6,434,915
1,530,293
11,250,855
413,4140
12,692,451
892,131606,353
1,926,954
029,099,464
1,759,275
20,125,932
973,181
205,480
355,020
5,087,691
10,524,653
40,562,056
21,628,943
4,264,210
1,288,845
18,733,497
427,19103,424,009
365,497
72,832825,3090-7,930,280
58,50345,334
8,044-4,839-112,263-740,664
1,314,145
2,470,834
1,943,364
2,170,705
241,448-7,482,642-13,777

Total operating expenses

167,808,886

171,153,327-3,344,441

ItemsCurrent Year

Previous Year

Changes

Administrative expenses
Executive remuneration
Wages and allowances
Provision for reserve for bonuses
Retirement benefit expenses
Statutory welfare expenses
Conference expenses
Travel and transportation expenses
Communication and freight expenses
Rent
Depreciation expenses
Supplies expenses
Newspaper and book expenses
Repair expenses
Printing and binding expenses
Rental expenses
Gratuity expenses
Membership fees
Taxes and other public charges
Service charges paid
Miscellaneous expenses

199,998
7,759,776
605,524
327,015
1,325,163
7,897,006
146,348
821,554
12,360,238
472,441
7,782,763
92,7602,093,013
673,2970
1,168,879
135,500
736,807
1,147,578
76,293111,110
6,111,181
429,544
291,947
927,7939,929,939
178,217793,123
12,332,353
468,569
2,467,156
97,7602,449,629
612,9360928,597
135,500
620,5552,648,404
66,741

88,888
1,648,595
175,980
35,068397,370-2,032,933-31,869
28,431
27,8853,872
5,315,607-5,000-356,616
60,3610240,2820116,252-1,500,826
9,552

Total administrative expenses

45,821,953

41,601,054

4,220,899

Total ordinary expenses

213,630,839

212,754,381

876,458

7,216,659

1,889,798

5,326,861-11,847-41,138

29,291-11,847-41,138

29,291

7,204,812

1,848,660

5,356,152

000

Total extraordinary expenses

00

0

Current changes in extraordinary revenue/expenses

00

0

Current changes in general net assets

7,204,812

1,848,660

5,356,152

Opening balance of general net assets

305,659,299

303,810,639

1,848,660

Closing balance of general net assets

312,864,111

305,659,299

7,204,812－－－－－－－－－

312,864,111

305,659,299

7,204,812

Current changes in ordinary revenue/expenses before adjustment
by appraisal gain or loss
Specified assets appraisal gain or loss
Total appraisal gain or loss
Current changes in ordinary revenue/expenses
2. Changes in extraordinary revenue/expenses(1) Extraordinary revenue
Total extraordinary revenue(2) Extraordinary expenses

Ⅱ. Changes in designated net assets
Current changes in designated net assets
Opening balance of designated net assets
Closing balance of designated net assets
Ⅲ.Closing balance of net assets

Breakdown of Net Assets Variation Statement
From April 1, 2017 to March 31, 2018
(Unit: Yen)
Items

Accounting for
public-interest
purposeElimination ofintra-company
transactions

Corporateaccounting

Total

I. Changes in general net assets
1. Changes in ordinary revenue/expenses(1) Ordinary revenue① Specified asset investment profit

Interest received on international conference
expense fundInterest received on research and investigation
operation fundInterest received on examination and education
operation fundInterest received on reserve for retirement benefits
fund② Membership dues received
Individual membership dues received
Corporate membership dues received

1,07700

1,077

1,17000

1,17040000400

55

26

0

81

45,782,750
20,372,500

45,782,750
20,372,500

0091,565,500
40,745,000

58,133,000
21,036,800
9,023,200

0
0
0

0
0
0

58,133,000
21,036,800
9,023,200

857
339,000
1,000

413
0
0

0
0
0

1,270
339,000
1,000

154,691,809

66,155,689

0

220,847,498

0
16,116,460
1,257,628
679,185
2,752,263
0
21,169,184
1,817,778
20,171,266
981,225
200,641
242,757
4,347,027
11,838,798
43,032,890
23,572,307
6,434,915
1,530,293
11,250,855
413,414000000
0000000000000000000000000000000000

016,116,460
1,257,628
679,185
2,752,263
0
21,169,184
1,817,778
20,171,266
981,225
200,641
242,757
4,347,027
11,838,798
43,032,890
23,572,307
6,434,915
1,530,293
11,250,855
413,414167,808,886

00

167,808,886③ Operating revenue

Examination fee received
Course fee received
Printing expense contribution received④ Miscellaneous revenue

Interest received
Certificate of Qualification Fee received
Miscellaneous revenue
Total ordinary revenue(2) Ordinary expenses
Operating expenses
Executive remuneration
Wages and allowances
Provision for reserve for bonuses
Retirement benefit expenses
Statutory welfare expenses
Conference expenses
Travel and transportation expenses
Communication and freight expenses
Rent
Depreciation expenses
Supplies expenses
Newspaper and book expenses
Repair expenses
Printing and binding expenses
Rental expenses
Gratuity expenses
Membership fees
Taxes and other public charges
Service charges paid
Miscellaneous expenses
Total operating expenses

Items

Accounting for
public-interest
purposeElimination of
intra-company
transactions

Corporateaccounting

Total

Administrative expenses
Executive remuneration
Wages and allowances
Provision for reserve for bonuses
Retirement benefit expenses
Statutory welfare expenses
Conference expenses
Travel and transportation expenses
Communication and freight expenses
Rent
Depreciation expenses
Supplies expenses
Newspaper and book expenses
Repair expenses
Printing and binding expenses
Rental expenses
Gratuity expenses
Membership fees
Taxes and other public charges
Service charges paid
Miscellaneous expenses

000000000000000
0
0
0
0
0

199,998
7,759,776
605,524
327,015
1,325,163
7,897,006
146,348
821,554
12,360,238
472,441
7,782,763
92,7602,093,013
673,2970
1,168,879
135,500
736,807
1,147,578
76,293

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

199,998
7,759,776
605,524
327,015
1,325,163
7,897,006
146,348
821,554
12,360,238
472,441
7,782,763
92,7602,093,013
673,2970
1,168,879
135,500
736,807
1,147,578
76,293

Total administrative expenses

045,821,953

045,821,953

Total ordinary expenses

167,808,886

45,821,953

0

213,630,839

Current changes in ordinary revenue/expenses before adjustment
by appraisal gain or loss

-13,117,077

20,333,736

0

7,216,659-11,84700-11,847-11,84700-11,847-13,128,924

20,333,736

0

7,204,812

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-13,128,924

20,333,736

0

7,204,812
305,659,299
312,864,111

Specified assets appraisal gain or loss
Total appraisal gain or loss
Current changes in ordinary revenue/expenses
2. Changes in extraordinary revenue/expenses(1) Extraordinary revenue
Total extraordinary revenue(2)Extraordinary expenses
Loss on retirement of inventories
Miscellaneous loss
Total extraordinary expenses
Current changes in extraordinary revenue/expenses
Current changes in general net assets
Opening balance of general net assets
Closing balance of general net assets
II. Changes in designated net assets
Current changes in designated net assets
Opening balance of designated net assets
Closing balance of designated net assets
III. Closing balance of net assets－－－
312,864,111